http://tiny.cc/1y1jh
Make it cheaper! Captain Obvious is going to spit out his morning coffee when he sees this. LOL.
Make it cheaper! Captain Obvious is going to spit out his morning coffee when he sees this. LOL.
A solution for cheap labor
- Thread starter Maverick74
- Start date
A better idea would be for Apple to produce the IPhones and IPads in the US and hire some of the 10 million + illegals to do the work.
I bet they would be cheaper than robots and they would pay into Medicare and SS but never have a shot of collecting benefits thereby partially solving the deficit problem.
Seneca
I bet they would be cheaper than robots and they would pay into Medicare and SS but never have a shot of collecting benefits thereby partially solving the deficit problem.
Seneca
Hey, I've said all along that innovation, process improvement and technological advancement in general are what's killing the job market, not tax rates. Technological advancement is a double edged sword and unless we find some way to create labor intensive work, and/or come up with some great new technology that put's people to work...get used to high unemployment which will lead to continuing revenue problems, because a nation of service sector types won't float the boat.Wow, that agent orange really did a number on your brain.
We have the highest corporate tax rate in the developed world. This hits small and midsized businesses harder than anything else.
We are equipped to deal with a more automated, technologically advanced economy, if left to ourselves. Americans, left to themselves, have a birth rate slightly below replacement level. It's only because of 3rd world immigration, and their excessively high birth rates that we're having such horrible problems. Worse yet, this 3rd world immigration hits the poorest Americans the hardest. It saturates the labor market for low and unskilled labor, taking jobs and diluting wages for the Americans which were already struggling the most.
If it weren't for the immigration problems we'd be very well equipped to deal with our technologically developing economy.
We have the highest corporate tax rate in the developed world. This hits small and midsized businesses harder than anything else.
We are equipped to deal with a more automated, technologically advanced economy, if left to ourselves. Americans, left to themselves, have a birth rate slightly below replacement level. It's only because of 3rd world immigration, and their excessively high birth rates that we're having such horrible problems. Worse yet, this 3rd world immigration hits the poorest Americans the hardest. It saturates the labor market for low and unskilled labor, taking jobs and diluting wages for the Americans which were already struggling the most.
If it weren't for the immigration problems we'd be very well equipped to deal with our technologically developing economy.
Quote from CaptainObvious:
Japan reduced theirs, now making ours the highest....
Yes, it is a small portion of our revenue, now that the world's highest corporate tax has driven so many companies offshore, taking all their jobs with them. Good point. Thanks for pointing that out...
Yes, it is a small portion of our revenue, now that the world's highest corporate tax has driven so many companies offshore, taking all their jobs with them. Good point. Thanks for pointing that out...
I'm saying that % of GDP from corporate tax is low, because corporate tax rate priced itself out of the market, causing many companies to go offshore to more reasonably taxed venues, of course taking their jobs with them. Many managers openly acknowledge this fact.
Quote from Petsamo:
No matter how you spin it, comrade, your boys are proving that socialism does not work. A nation cannot tax and spend their way into prosperity.
At least Dodger's response has some connection, or plausible counter, to the information provided. Your response is unsupported.
The information I've presented is from 2011. Things change fast.
"Contrary To GOP Claims, U.S. Has Second Lowest Corporate Taxes In The Developed World
by Richard ⢠July 8, 2011 ⢠The Economy ⢠1 Comment
During negotiations regarding raising the nationâs debt limit, congressional Republicans have defended tax loopholes for corporations, claiming that America has a high corporate tax rate that is stifling economic growth and job creation. But the Center for Tax Justice (CTJ) has crunched the most recent data from the Organization for Economic Cooperation and Development (OECD), the Office of Management and Budget, and the Census Bureau, and finds that âthe U.S. is already one of the least taxed countries for corporations in the developed world.âAs a share of GDP, the U.S. had the second lowest tax rate, behind only Iceland. This statistic flips on its head the often-repeated Republican charge that America has the second highest corporate tax rate in the world (which is only true on paper). In 2009, U.S. corporate taxes had fallen to only 1.3 percent of GDP, from 4 percent in 1965.
Conservatives love to point out that other OECD countries have lowered their corporate tax rates in recent years, but they conveniently ignore that âthese countries have also closed corporate tax loopholes while the U.S. has expanded them.â As CAP Director for Tax and Budget Policy Michael Linden has noted, the U.S. is actually a very low-tax country across the board.
Recently, conservative commentator Bill Kristol chastised his own party for pretending that lowering the corporate tax rate is a cure-all for Americaâs economic woes. On Fox News Sunday, he interrupted a panelist who again tried to assert the U.S. is suffering from a high corporate tax rate: âRepublicans are making a mistake if they focus on big businesses and corporate tax rates. Corporations have a ton of cash. The corporate tax rate is not killing big business in America.â
The GOP presidential candidates have almost uniformly introduced proposals to radically lower the U.S. corporate tax rate. For instance, former Minnesota Gov. Tim Pawlenty (R-MN) wants to reduce the corporate tax rate to 15 percent and eliminate all taxes on capital gains, dividends, interest income and inheritance. CTJ put the issue succinctly in a tweet this morning: âDear US Corporations: You pay 2nd LOWEST tax rate in industrial world, so quit whining or move to Iceland.â